First Commonwealth Financial Co. (NYSE:FCF) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its holdings in shares of First Commonwealth Financial Co. (NYSE:FCF) by 3.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 557,397 shares of the bank’s stock after acquiring an additional 18,433 shares during the period. Principal Financial Group Inc. owned 0.55% of First Commonwealth Financial worth $9,431,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its position in shares of First Commonwealth Financial by 2.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,782,837 shares of the bank’s stock worth $64,876,000 after acquiring an additional 105,116 shares in the last quarter. Stonebridge Financial Group LLC acquired a new stake in shares of First Commonwealth Financial during the 4th quarter worth about $2,147,000. Barclays PLC raised its position in shares of First Commonwealth Financial by 121.8% during the 3rd quarter. Barclays PLC now owns 211,797 shares of the bank’s stock worth $3,631,000 after acquiring an additional 116,295 shares in the last quarter. Royce & Associates LP acquired a new stake in shares of First Commonwealth Financial during the 3rd quarter worth about $678,000. Finally, BNP Paribas Financial Markets raised its position in shares of First Commonwealth Financial by 64.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 34,892 shares of the bank’s stock worth $598,000 after acquiring an additional 13,643 shares in the last quarter. Institutional investors and hedge funds own 72.58% of the company’s stock.

First Commonwealth Financial Trading Up 1.0 %

Shares of FCF stock opened at $16.42 on Friday. The business’s 50 day moving average is $16.59 and its two-hundred day moving average is $17.10. First Commonwealth Financial Co. has a twelve month low of $12.41 and a twelve month high of $19.96. The company has a market capitalization of $1.67 billion, a P/E ratio of 11.81 and a beta of 0.87. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.19.

First Commonwealth Financial (NYSE:FCF) last announced its earnings results on Tuesday, January 28th. The bank reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.01). First Commonwealth Financial had a net margin of 20.38% and a return on equity of 10.36%. Equities analysts forecast that First Commonwealth Financial Co. will post 1.45 EPS for the current year.

First Commonwealth Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a $0.13 dividend. The ex-dividend date was Friday, February 7th. This represents a $0.52 annualized dividend and a dividend yield of 3.17%. First Commonwealth Financial’s dividend payout ratio (DPR) is currently 37.41%.

Analyst Ratings Changes

FCF has been the topic of several research analyst reports. Stephens reissued an “overweight” rating and set a $21.50 target price on shares of First Commonwealth Financial in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods raised their price target on First Commonwealth Financial from $18.00 to $20.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. StockNews.com upgraded First Commonwealth Financial from a “sell” rating to a “hold” rating in a research note on Friday, February 14th. Royal Bank of Canada restated an “outperform” rating and set a $20.00 price target on shares of First Commonwealth Financial in a research note on Thursday, January 30th. Finally, DA Davidson restated a “buy” rating and set a $21.00 price target on shares of First Commonwealth Financial in a research note on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, First Commonwealth Financial currently has an average rating of “Hold” and an average target price of $19.58.

First Commonwealth Financial Company Profile

First Commonwealth Financial Corporation, a financial holding company, provides various consumer and commercial banking services in the United States. Its consumer services include personal checking accounts, interest-earning checking accounts, savings and health savings accounts, insured money market accounts, debit cards, investment certificates, fixed and variable rate certificates of deposit, mortgage loans, secured and unsecured installment loans, construction and real estate loans, safe deposit facilities, credit cards, credit lines with overdraft checking protection, IRA accounts, and automated teller machine (atm) services, as well as internet, mobile, and telephone banking services.